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sky rocketed and so has the salaries of president and one man who has not turned his back on detroit and they see opportunity where others see a dying city and this is real money. [[voiceover]] every sunday night, al jazeera america presents gripping films from the world's top documentary directors. >>thank god i didn't suffer what he had to go through. next sunday, the premiere of google and the world brain. >>this is the opportunity of our generation. [[voiceover]] it would be the world's greatest library under one digital roof. but at what cost? >>google could hold the whole world hostage. [[voiceover]] al jazeera america presents google and the world brain. my name is jonathan betz. i'm from dallas, texas, and i'm an anchor for al jazeera america. >>my name is ranjani chakraborty, i'm from houston, texas. >>i'm kim bondy. >>nicole deford. >>and i'm from new orleans. >>san francisco, california. when i was a little kid, i just really loved the news. >>news was always important in my family. >>i knew as a kid that was exactly what i wanted to do. >>i learned to read by reading the
and it is no trouble. host: on twitter host: we will be talking about the city of detroit with the codirectors of the recent ropia" in aboutt five minutes. hi, george. caller: good morning. i think that we've lost all of our common sense. we are carrying all of these idols around, and the stadium is burning behind us and around us, and we are worshiping all these people, be it big business, and the pyramid scheme always collapses, but who is actually winning? the people are the worst of the worst feeding off of the people who don't have common sense to judge them and not give them all the money, all the environment, all the oil, going to kings of saudi arabia that we do business with or kill iranians in cruise that we do behind the scenes. this sad, what we are doing to this world, and the reset button might be a big red nuclear button, but it has got to be hit sooner or later, and i don't want it to be, but we have a big world of hurt coming because we don't have any brains left. host: returning to the front page of "the washington times," a story on ted cruz, republican senator from texas. h
, cities in this country can be saved. earlier this month, detroit became the latest and greatest american city to file for bankruptcy. an $80 billion federal bailout saved the motor park of motor city. the auto industry from collapsing. right now in 2013 there will be no bailout for detroit itself. michigan governor rick snyder is not asking for one. and the white house is not offering one. it was really surprising republican members of the senate started trying to block a bailout of detroit. this thing that does not exist, no bailout, not only for detroit, but for any american city. no federal funding of any kind for any struggling city anywhere ever. unless they're hit by a natural disaster. because, you know, hurricanes, they have a tendency to hit the sponsor of another measure's home state with regular frequency. the first no bailout no money of any kind amendment did not passion, it was defeated on a close party line vote. its sponsor tweeted, if you weren't worried about the federal government bailing out municipalities like detroit now, you should be. be afraid of this thing that
about another terror plot that was foiled. what do new york city and detroit have in common? bankruptcy. all that is ahead. do you remember this little hot mic slip during the election. >> this is my last election. >> yeah. >> after my election, i have more flexibility. >> i will transmit this information. it is such a great line. and people thought at the time, it was a big scandal. people thought they knew what it meant. president obama was secretly telling dmitri medvedev to ignore all the election year politics, it's just politics. after that, the u.s. and russia could be great friends. maybe that wasn't it, maybe the flexibility he was speaking about was a great insult. a yo mama joke, perhaps, that would better explain what has happened since. relations are deteriorating at a very rapid pace. the president cancelled a planned meeting with russian president putin. the first time any american president has cancelled a publicly announced visit to russia since the end of the cold war. the white house explained the cancellation including, missile defense, and arms control, they cited r
in cities. what does that mean? more skyscrapers and congestion? more detroit? we'll look at the upsides and the down sides of an ever more urban world. we've got a terrific battle that has some surprising ideas. >>> also, "les miserables." it turns out that the book by victor hugo is the all-time favorite novel of a middle eastern leader that the west counts as an enemy. i will explain. >>> but first, here's my take. we are watching a season of discontent in a world of young democracies, from egypt to turkey to brazil. protest marches and one coup. as we watched the turbulence around the world, i think about our own democratic journey and how interesting it is that the distinctive feature of the american system is not how democratic it is, but rather, how undemocratic it is. hear me out -- we have three co-equal branches of government. and the one with the final say on many issues, the supreme court is composed of nine unelected men and women. the american senate is the most unrepresentative upper house in the democratic universe, with the exception of britain's house of lords, which is
tonight, a tough sell. is this the right time to buy real estate in bankrupt detroit? and the rebuilding of new orleans, the battle over who longs in the new new orleans. good evening, thank you for being with us. it was an absolutely gob smacker of a vote. one that quickly reverberate here in washington, and one that may force the hand of the u.s. president. late today the british parliament to be the step of saying no to prime minister it will not support british participation in a military strike against syria. the fierce response wasn't just a surprise, it was nearly unprecedented to a pettish leader seeking to support his american ally. >> the origin question was the motion on syria, and the use of chemical weaponed as published in corrected form, since when an amendment has been moved. the question is that the amendment be made. as many say eh. >> eh. >> on the contrary no. >> no. >> and the raucous response could foreshadow more trouble, not just for the british prime minister, but for the white house as well. while president obama has taken great pains to say he has not made a de
tried to convince us the u.s. was becoming the next greece. now you won't believe who is using detroit as a temple to suggest an austerity bomb. >>> whenever we see a threat stream that is specific enough, that we can take some specific precautions within a certain time frame, we do so. now, it's a reminder that for all the progress we made getting bin laden and al qaeda and pakistan back on its heels. this radical violent extremism is still out there. >> that's the president -- the u.s. took that extraordinary step after intercepting communications between two top al qaeda leaders the two men talked about wanting to launch a major attack in the region to cone side with an islamic holiday. a sign of the group's ongoing presence in the region. something the president addressed again this afternoon, while speaking to troops at camp penndleton. mr. obama acknowledged the work of u.s. diplomats working to safeguard american interests. yet sounded downright bushy in his remarks on terror. >> al qaeda affiliates still facilities. still threaten our businesses abroad. and we've got to take th
. >>> this morning, the bankrupt city of detroit is a step closer to gnaw mayor. but new york city's mayor michael bloomberg says detroit's financial disaster should serve as a warning to all u.s. cities. >> the reality is we may be a long ways from detroit, but only a short ways from relapsing into decline if we allow health care and pension benefits to crowd out the investments that new york city -- makes new york city a place where people want to live, work, study, and visit. >> in detroit, wayne county sheriff polian and ceo mike dugan emerged as the top vote getters in yesterday's mayoral showdown. that means detroit where 82% of the population is now black would elect its first white mayor in four decades and they scare off in november for a job that doesn't have any significant power since a state emergency manager controls the purse strings there. let's bring in thomas sugrew who is a detroit native and author of "the origins of urban crisis race and inequality in post war detroit." >> good morning. >> detroit did crushed by skyrocketing pension and health benefits and why mayor bloomering
any republicans. >> thank you. >>> next, detroit may be the canary in the coal mine but how can it be that banks are too big to fail but our cities are on their own. this is your first time missing a payment. and you've got the it card, so we won't hike up your apr for paying late. that's great! it is great! thank you. at discover, we treat you like you'd treat you. get the it card with late payment forgiveness. [ crashing ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. trusted heartburn relief that goes to work in seconds. nothing works faster. ♪ tum, tum tum tum tums! plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. with 7 antioxidants to support cell health. one a day women's 50+. with 7 antioxidants to support cell health. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but what about when
sanchez is getting flack because he will be starting for the jets preseason opener against the detroit lions on friday. sanchez takes the high road after getting this very rude tweet which reads f you. hope you tear your acl on friday. that is disgusting. sanchez responded with a tweet saying, thanks for your support, man. #classy. yeah, that's how you do it. kill them with kindness. >>> in pittsburgh, a very special night for center fielder andrew mccutchen. not only did his mother, you see her right there, sing the national anthem. he got his 16th home run of the season. and the pirates went on to beat miami, 4-2. and you can tell mama looked very proud. >>> to big plays in the little league. jacob garza and his corpus christi texas team win a spot in the little league world series. garza was pitch perfect and did not give up a single hit during the game. then hit a home run that give his team a 6-0 lead over new mexico. that kid is one to watch. >>> in st. louis, a gangnam-style dance-off that went intergalactic. during "star wars" night fans dressed as darth vader and storm trooper
is the story with chicago? truly as bad as detroit or heading in that direction? >> economically not as bad a viable global city but their budget is a mess. $3 billion in taxes they collect, this year is the need to a $415 million for pensions and that is going to $1 billion in a year. this release the projection, that would be the third tax collection going in to pensions. this is something the state is mandating and they don't know how they can pay that. lori: you mentioned chicago economically in better shape. look at the baseball game where all those people to do a rod, more about that this afternoon but the underlying economy of chicago seems to have some growth potential. >> the economy there is okay and. nobody is really flying in this economy but here is the point, has not been economically declining of the way detroit is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% fu
these rumors on the street. >>steve: and repeating them on that detroit radio station. bill o'reilly booked her last night. it was fiery. watch. >> chicago police, as you well know, are not gunning down black children. you know that; right? >> well, certainly they are not, bill. but based upon the history of african-americans in this country and based upon the fact that 70% of the murders in chicago are unsolved, 70% are unsolved, people are wondering what the heck is going on. certainly monique davis, who is a good friend to the police, who supports the police, i believe they're our first responder and i respect that, but i have the right as a legislator to repeat what my community says to me. >> not if it's irresponsible you don't. i hear a lot of *eurp -- irresponsible stuff. >> i don't think it is irresponsible. >> for chicago police to be accused of gunning down children? you don't think it'sish responsible. >> i don't think they said that. i said there was some suspicion -- >> that's irresponsible without any evidence. >>steve: we all hear crazy stuff. when you're in a position of power a
will take a look at the details. >>> detroit may be the biggest u.s. city to ever declare bankruptcy. as it tries to fight its way back from a full-on collapse seems like the motor city's woes could have a major impact on other cities across the as we 9 embassies and consulate that were closed as a result of an al qaeda terror threat will reopen tomorrow, we will take a look at what motivated the change and what this means for an apparently ongoing threat. >> they had the capacity to go after our embassies. they have the capacity potentially to go after our businesses. they had the capacity to be destabilizing and disruptive in countries where the security apparatus are weak. i should definitely do laundry more often. yeah. by the time i do there's all these mystery stains. i mean is it coffee? could be gravy. yeah. so now i u tide boost with my tide. it's double powerful for when things get doubliffy. [ female announcer ] together, tide and tide boost double your power against stains that's my tide. first wait till summer. then get the cars ready. now add the dodge part. ♪ the do
the battle over detroit's books. unions say detroit city was too quick to file bankruptcy. who will win? we'll check in on the math. that is coming up with ashley webster who joins me the next hour of fox business. please don't miss it. my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing whilsleeping; and blood clots in t
the fusion in u.s. for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action lawsuit in colorado federal court. they claim that their employer, fantasy gentlemen's club in grand junction violated federal and state minimum wage laws. >> ladies just want to get paid. and a delta 4 heavy rocket was launched on wednesday. the classified payload is believed to be $1 billion high powered spy satellite. >>> starbucks is selling a limited crystal incrusted tenth anniversary mug. it's going for $150. >> a popular television commercial selling insurance was the inspiration behind this florida business that brought nomad the camel to work. what's the occasion? well, hump day of course. i
that route, you have more rid lin described. >> another big business. >> doc, before we go, a detroit area doctor, of course, detroit, charged with cheating the government out of tens of millions of dollars deliberately misdiagnosing patients with cancer and illegally billing them for treatment. >> oh, my god, if it's true, let me tell you something, it's a big business. oncologists prescribe their own chemotherapy, making loot, medicare is cracking down on that, no longer going to be available to do that. this guy apparently, the clinics made $35 million in two years, 24 until many medication. one guy fell, hit the head, and told you have to have chemo before going to the hospital. the parties didn't even have cancer. if this is true, it's a real black mark on the medical profession. >> a guy like this, through him under the prison. no parole, nothing. this is just -- i mean, -- >> disgusting. absolutely. >> great foppics, appreciate it, thanks. record number of americans on food stamps. you knew that. what are your taxpayer dollars paying for? try sushi, lobster for this guy. >> wake up,
are incorrect. next up, true or false, the city of detroit is holding an important election tomorrow for the top leadership of that great american city. is that true or is that false? that is false. the city of detroit is holding an election tomorrow but it is pointless because there is no democracy in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers get to run that city now, not the people who get elected. so tomorrow we'll go through the motions, more than a than a doz will be running in a primary to become detroit's next powerless figurehead mayor who can't do anything. the top two finishers regardless of party will move on to the general election in nov
preseason opener against detroit lions on friday. so sanchez takes a high road after getting this very rude tweet which reads f-you, hope you tear your acl on friday. my goodness. what people say on twitter really just shocks me. sanchez responded with a tweet saying, thanks for your support, man, #classy. >>> to pittsburgh now, a very special night for andrew mccutchen. not only did his mother sing the national anthem, yes, he got his 16th home run of the season. >> did it more mom. >> he did. >> you know it, momma looked very proud. >> great. >>> now to big plays in the little league. jacob garza and his corpus christi team won a spot on the little league world series. garza was pitch perfect and did not give up a hit during the game. then get this, mara, he hit a home run that gave his corpus christi texas team a 6-0 lead over new mexico. >> kid's on fire. >> glaugs to them. >> and gangem style danceoff that went intergalactic -- they're still doing it. they're still having star wars night. fans dress as darth vader and storm troopers showing the force is strong with the wielding light s
. >>> shocking new statistics on drinking and walking. >>> detroit voters go to the polls. >>> and will the amazon entrepreneur change the face of journalism? "early today" back in two. >> announcer: brought to you by the makers of centrum men and women. have you taken the most complete multivitamin today? >>> welcome back. the trial of major nadal hassan is set to begin. it's been nearly four years since the ft. hood military base shooting. 13 people were killed and over 30 wounded in 2009. many of the wounded taking the stand will have to go face to face with hassan. he's opted to represent himself in that trial. >>> an amber alert was put out for two children. the children's mother was found in a burned out house. the identity and manner of death remain undetermined. hannah anderson, 16 and ethan anderson age 8 are believed to have been taken by this man. he was last seen driving blue four-door nissan. >>> a 1500-acre brush fire is roaring through cleveland national forest in california. >>> chevron usa has been convicted of labor code violations in connection with a 20
more citi go bust like detroit, is it time to take on pensions like the private sector is doing right now. >>> but fit, stop the presses, the billionaire founder of amazon is buying a big newspaper. why another billionaire venturew >>> guys, we've got to fix things up, we're losing money fast. what is the difference between selling those guys and journalist guys? >> the journalist guys thing they're doing journalist work. that's a different standard than where everybody is economically tied together. they don't -- >> did they think -- >> did you think they were stupid, arrogant? >> oh, arrogant is a much better word. the difference between, say, newspaper people and academics is very small. and they all run in the same scenario of thinking that they're doing things very educated, done very well academically. >> how many business courses? >> not too many. i don't know of any. because based on my experience, they had a lot of trouble adding and subjecting. >> not a happy newspaper owner. giving -- well, sam zell with a major warning for jeff bezos who bought "washington post" for $250,0
cities go bust like detroit, it time to take on pensions like the private sector is doing right now. >>> but first, stop the presses, the billionaire founder of amazon is buying a big newspaper. why another billionaire ventured my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start eir business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >>> gu, we've got to fix things up, we're losing money fast. what is the difference between selling those guys and journalist guys? >> the journalist guys thing they're doing journalist work. that's a different standard than where everybody is economically tied together. they don't -- >> did they think -- >> did you think they were stupid, arrogant? >> oh, arrogant is a much better wo
, the as working in detroit. and the giants going head to head in colorado. highlights of both games, plus, colin kaepernick on the cover of sports illustrated. >> and a historic day as the bay bridge shuts down five days. this is the video of the last car to cross the 76-year-old bridge. crews already working tonight to transition the old roadway to the new eastern span. stay with us. kron 4 news at 11:00 continues after the break. >> new at 11:00, kron 4's stanley roberts tells us about the exodus of people leaving the bay bridge for the last time in this edition of people behaving badly. >> reporter: if you want to see people behaving badly, i suggest announcing that you are going to close a bridge for five days. oh wait, they did. pay no attention to this driver. he is from texas. that must be how they do things. that is how we do it here too. moving on. the bay bridge is closed so we will get a slightly better bridge that will last 150 years, or whichever comes first. hey dude, the bridge is the other way. there you go. some people thought it was safe to stay across in the car pool lane. it
time at a plant near detroit. ford hired 1400 new workers for the plant which will produce 350,000 vehicles per year, 30% more than at its factory in mexico. >>> and finally, nintendo cutting the price on the wii-u game console to compete better with the new xbox 1 and playstation 4. nintendo is launching a new lower priced hand-held device. the 2d is in time for holidays. >>> speaking of minimum wage, four strippers have filed a class action lawsuit in colorado federal court. they claim their employer fantasy gentleman's club in grand junction had violated federal and state minimum wage laws. a 23-story tall delta 4 heavy rocket was launched on wednesday from california's vandenberg air force base. the classified payload is expected to be a billion-dollar spy satellite. >>> starbucks is selling a swarovski encrusted mug. >>> and a popular television commercial selling insurance was the inspiration behind this in florida for this business. they actually brought no man the camel to work. the occasion? hump day! well, we know that was yesterday, wednesday. today is thursday. but
plan until later this year. >> workers in new york and detroit have walked off the job and workers also in if chicago. we have one woman's struggle to get by. >> reporter: the squeeze of living paycheck to paycheck is all too real for nancy and her two kids coming home to a camped one bedroom apartment. >> we leap here. >> there is no room in her budget for more space, and staying ahead of the bills is impossible. for ten years she has worked at mcdonald's never making more than minimum wage which here in illinois is $825 an hour. >> i get last notice where i'm going get disconnected and i have to pay a portion of it so i have to come up with the money. he's living conditions are why why salgado and others have sustaining a stand for higher wages and respect on the job. the movement has asked for it to be moved up to $15. >> if these people earned $15 they could give back to the economy and they wouldn't have to depender on the government for food stamps. >> reporter: a substantially higher minimum wage may not be a win fall. at $15, they may be much more selective about who they hire.
, in washington, d.c., in st. louis, in kansas city, in detroit, in flint, michigan, and other areas around this -- fast food workers. they were people who work in burger king, mcdonald's, popeye, they are the ones who give you the hamburgers and the french fries. what they are saying is workers all over this country, they cannot make it on $7.25 an hour, $7.50 an hour. often they are unable to get 40 hours of work and in most cases they get no or very limited benefits. all over the country, these workers, often young people, are walking out of their establishments, their fast-food places and are educating the consumers about the economic injustice taking place in these fast-food establishments. what they are saying is we need to raise the minimum wage in this country, that american workers cannot exist on $7.25 an hour which is the national minimum wage now or $8 an hour or $9 an hour. my own view is that the very least we should be raising the minimum wage to $10 an hour. just do the arithmetic. if somebody is making $7.25 an hour and if they are lucky enough to be getting 40 hours a week
with autoworkers about how easy they'd had it finding work. i read a story in the "detroit free press" about a young guy who was pumping gas in flint, and a driver took down his name and number, and a week later he got a call telling him to report for work. gm had a couple nicknames, one was the general, and the other was generous motors because at that point, this was in the early '70s. at that point the workers had a deal where they could work for 30 years and retire on full benefits no matter what age they were, and they had health care for the rest of their lives. that's over, too, which we'll get to later. this was like employment porn. i have one anecdote in the book about one of my high school friends who came home from the army and started getting a hard time from the his dad because he didn't have a job. so my friend larry had to tell his dad kids these days don't have it as easy as you did dad. and larry said i think you have to know if everyone had the same opportunity you did to just walk into a personnel office, fill out a piece of paper, get a job the same day, we'd all be ther
points. and the s and p 500 lost five points. >> creditors face deadline in detroit bankruptcy case banks, bond insurers, employee pension systems and others who believe they are owed money by detroit are up against the clock to legally voice opposition to the largest municipal bankruptcy filing in u.s. history. a federal judge set monday as the eligibility objection deadline in the bankruptcy petition by detroit's state-appointed emergency manager kevin orr. it's one step in a process that could take months or years to complete if detroit is approved for bankruptcy protection. the city has until sept. 6 to file its responses. orr listed thousands of creditors, including individuals, in his july 18 bankruptcy petition. he's said detroit is insolvent and unable to pay some of its bills, including at least $18 billion in long-term debt. or stopped payment on $2.5 billion in debt in june. >> jpmorgan investigated for china hiring the u.s. government is looking into whether jpmorgan chase hired the children of chinese officials to help it boost its business in china, according to the new york
points lower than june. detroit emergency manager apologizing after calling some of the city residents those names. and the nfl hit with another concussion lawsuit. 83 former players led by pro-bowlers. they say they are suffering long-term effects from brain injuries sustained during their playing days. and we're watching the market this hour of "markets now." ♪ connell: those headlines show you there is a lot going on-9 today. we will get to the mess in egypt in just a moment, but first, our market today with the selloff, seeing the biggest decline in a couple of months. nicole petallides starts us off on the floor of the new york stock exchange. nicole: you are absolutely right. the lowest point, the biggest move to the downside since june 20. down about 1.5% right now. back on june 20 the dow dropped over 2%, this is the biggest moving percentage terms since that time. you have a couple of names that are weighing on the do dow jones industrial, better-than-expected economic news. walmart and kohls are two names we are following closely. as well as cisco systems. walmart higher p
exactly that. bill: will detroit now have the biggest yard sale we've seen in american history? why bankrupt detroit is now assessing its own art treasures to raise money. what in the world will come next? >> nothing's being proposed for sale and nothing is being sold. we need to know how much it is work. >> selling the dia would be like detroit announcing it is giving up. so then the little tiny chipmunks go all the way up... ♪ [ female announcer ] when your swapportunity comes, take it. ♪ what? what? what? [ female announcer ] yoplait. it is so good. bill: flights will resume later today after east africa's largest airport was engulfed in flames. the fire tearing through the arrival section in nairobi, kenya. all flights had to be rereported. took firefighters four hours to put the fire out t was 15 years ago today the embassies in nairobi and tanzania were bombed. investigators say there was no signs after terror attack at the airport in nairobi today. 25 minutes after the hour. heather: a daredevil pulls off an amazing stunt in the skies over illinois. take a look. this is h
. >> how would you inspire and motivate and give opportunity to these inner cities, especially like detroit, where people simply don't have skills, they don't have opportunity. their schools are falling apart and sort of a growing, growing, growing. it's not getting better. how would you change that? >> probably, look, this is not a new problem. it's been going on for many, many decades in this country. we have cities that have been bad for years and years and they've done tax incentives, work programs and all sorts of things. nothing seems to happen. detroit is a very good example. i mean, detroit is a disaster area, there's no question about it. what happens, we'll have to see. perhaps you do the tax savings, perhaps you do tremendous incentives to businesses going into detroit and you instead of paying a big tax, which of course we're one of the most heavily taxed countries in the world, you don't pay tax. you pay very small taxes. you do something to get detroit and other cities like it. detroit is emblematic. you have many, many cities. i could name them but i don't want to embarrass p
stepping in to help reorganize detroit? i think it's a hell of an idea. i think they ought to do it. we saved the automobile with a loan the same thing can be done with the city of detroit. i do not like what's happening in detroit as far as all the privatization and the gutting of peep's jobs and public services. i mean, basically what has happened in detroit is that a local election has been said, you know, you really don't count. we're going to put in an emergency manager and forget it. it's over. is that america? i don't think so. i think the federal government should write a check to detroit. i think the federal government should do those kinds of things to all municipalities having trouble. why not? it's in our country. and it can get paid back. i believe in workers, i believe that detroit can turn it around. our next question is from anita. why are the gop -- why is the gop talking impeachment when president obama has done nothing wrong because they have nothing else. and they do believe they can ginn up enough fear and enough enthusiasm to get people to believe this is something
, the vast example currently is what is happening in detroit. detroit is the city with the largest african-american homeownership rate in the country going into the crisis. now undergoing the largest municipal bankruptcy in u.s. history, 100,000 homes were foreclosed on. one-third of all african-american homeowners had been forced out of their homes since this crisis began. so what we're seeing is a mass displacement. we're also seeing these foreclosures spiral that are reverberating into other issues. things like school closures that we're seeing in chicago and philadelphia. things like hospitals, senior centers effected. >> michael: there are people who fought the banks and people who won. tell us about bertha garrett in detroit, the city we were just talking about. >> sure, i would be happy to. bertha garrett, when i went to meet with her a year ago was a 65-year-old grandmother, deeply religion, born in alabama. she and her husband had lived in their home in detroit for 22 years. she became ensnared in a predatory loan when a sleazy mortgage company lied to her and convinced her to tak
. is chicago the next detroit? we raise this question before, why the problems plaguing the windy city could lead down the exact same road. ♪ with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer one pill each morning 24 hours. zero heartburn. do you min grabbing my phone and opening the capitaone purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it
on all of that will set coming up. >> it is moving quickly in detroit's bankruptcy case. a judge is holding a hearing to set an aggressive timeframe for hearings and deadlines. a key issue is whether the city is eligible for qualify for bankruptcy protection. the judge said any objections have to be filed by two weeks from monday with a hearing on the issue in october. detroit's troubles are because of corruption, financial mismanagement, the auto industry collapse, and the dramatically shrunking tax base as people move out. the city has long term debt of $18 billion. >> a southern california woman is recovering this morning after a frightening shark attack in hawaii. retired schoolteacher was snorkeling on maui on wednesday and 30' from shore in water only 10' deep when she was bit. >> i didn't see it coming or see it going. the doctor in the e.r. things according to the bites and where they are it was probably 25' shark. that was his guess. >> she ran to the beach screaming for help and she has bite marks on her back and bruises across her stomach and is expected to recover i.
beating by the detroit lions. tom brady passes and it's a fumble. detroit snatches the ball close to the five. in the second quarter, brady throws a pick straight to chris houston. lions win, 40-9. yikes. >>> to the ravens and panthers. check out this incredible punt return for the 54-yard touchdown. ted ginn jr. then joe flacco throws, oops, interception, for a touchdown. panthers win, 34-27. >>> you see that shirt rg3 is wearing? it cost him 10 ground. griffin was fined during warm-ups for apparel violation. they are required to wear approved apparel for their respective teams. >>> and in baseball, milwaukee brewers ryan braun released a statement apologizing for using banned substances. he admits taking performance enhancing drugs during his 2011 national league mvp season. >>> on to the rockies and phillies. impressive catch by philadelphia's darryn rush. check out that focus and athleticism. phillies win, 5-4. >>> in pga golf, the barclays tournament, so something you definitely don't get to see every day. scott brown's ball bounces off a bridge and rolls onto the green for a
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